Form 8.5 (EPT/RI) - Glencore PLC

UBS AG (EPT)

20 January 2026

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1.         KEY INFORMATION

(a) Name of exempt principal trader:	UBS Investment Bank, London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Glencore plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Rio Tinto plc
(d) Date dealing undertaken:	19 January 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	YES

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
Ordinary NPV	Buy	6081501	4.82650       GBP	3.95325        GBP
Ordinary NPV	Sell	6404880	4.82650       GBP	4.75000        GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Ordinary NPV	CFD	Long	517	105.9735        ZAR
Ordinary NPV	CFD	Long	33295	4.811        GBP
Ordinary NPV	CFD	Long	189801	4.8105        GBP
Ordinary NPV	CFD	Long	15222	4.7935        GBP
Ordinary NPV	CFD	Long	342817	4.80693957        GBP
Ordinary NPV	CFD	Long	114838	4.814182        GBP
Ordinary NPV	CFD	Long	5382	4.800942        GBP
Ordinary NPV	CFD	Long	4693	4.808826        GBP
Ordinary NPV	CFD	Long	2823	4.815177        GBP
Ordinary NPV	CFD	Long	1285	4.808696        GBP
Ordinary NPV	CFD	Long	663	4.808234        GBP
Ordinary NPV	CFD	Long	19	4.817967        GBP
Ordinary NPV	CFD	Long	12	4.812831        GBP
Ordinary NPV	CFD	Long	3193	4.8159021651425        GBP
Ordinary NPV	CFD	Long	7487	105.86526513        ZAR
Ordinary NPV	CFD	Long	13538	106.0326        ZAR
Ordinary NPV	CFD	Long	8401	105.98        ZAR
Ordinary NPV	CFD	Long	61792	105.78252638        ZAR
Ordinary NPV	CFD	Long	79266	105.9436        ZAR
Ordinary NPV	CFD	Long	11593	105.88252911        ZAR
Ordinary NPV	CFD	Long	508	105.8179        ZAR
Ordinary NPV	CFD	Long	14549	106.07        ZAR
Ordinary NPV	CFD	Long	8617	106.003044        ZAR
Ordinary NPV	CFD	Long	790	105.979401        ZAR
Ordinary NPV	CFD	Long	7288	4.80935252        GBP
Ordinary NPV	CFD	Long	38	4.81033163        GBP
Ordinary NPV	CFD	Long	12917	4.81820264        GBP
Ordinary NPV	CFD	Long	116294	105.90671058        ZAR
Ordinary NPV	CFD	Long	34845	4.805763        GBP
Ordinary NPV	CFD	Long	38840	4.804522        GBP
Ordinary NPV	CFD	Long	8576	4.79739845        GBP
Ordinary NPV	CFD	Long	6761	4.812787        GBP
Ordinary NPV	CFD	Long	944	4.79893008        GBP
Ordinary NPV	CFD	Long	250200	4.80802941649481        GBP
Ordinary NPV	CFD	Short	823710	4.8105        GBP
Ordinary NPV	CFD	Short	963	4.79568017        GBP
Ordinary NPV	CFD	Short	508	105.8179        ZAR
Ordinary NPV	CFD	Short	11593	105.88252911        ZAR
Ordinary NPV	CFD	Short	232705	6.45757697        USD
Ordinary NPV	CFD	Short	5218	4.812752        GBP
Ordinary NPV	CFD	Short	29654	4.81450632        GBP
Ordinary NPV	CFD	Short	277	4.810156        GBP
Ordinary NPV	CFD	Short	790	105.9794        ZAR
Ordinary NPV	CFD	Short	8617	106.003        ZAR
Ordinary NPV	CFD	Short	517	105.9735        ZAR
Ordinary NPV	CFD	Short	116294	105.90671058        ZAR
Ordinary NPV	CFD	Short	7487	105.86526513        ZAR
Ordinary NPV	CFD	Short	14549	106.07        ZAR
Ordinary NPV	CFD	Short	13538	106.032579        ZAR
Ordinary NPV	CFD	Short	8401	105.98        ZAR
Ordinary NPV	CFD	Short	61792	105.78252638        ZAR
Ordinary NPV	CFD	Short	12755	4.7695        GBP
Ordinary NPV	CFD	Short	2481	4.812336        GBP
Ordinary NPV	CFD	Short	9527	4.810922        GBP
Ordinary NPV	CFD	Short	5323	4.8121        GBP
Ordinary NPV	CFD	Short	1700	4.819954        GBP
Ordinary NPV	CFD	Short	79266	105.9436        ZAR

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none "

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	20 January 2026
Contact name:	Richard Howard
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END